丰乐种业(000713) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,362,115,711.80, representing an increase of 11.14% compared to CNY 1,225,543,806.15 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 28.07% to CNY 20,966,748.35 from CNY 29,146,829.23 year-on-year[20]. - Basic earnings per share dropped by 48.72% to CNY 0.0341 from CNY 0.0665 in the same period last year[20]. - The company reported a total profit of CNY 31,838,528.65 for the first half of 2021, compared to CNY 39,218,500.37 in the same period of 2020, indicating a decline of 18.06%[172]. - The company reported a net profit for the first half of 2021 of CNY 22,887,338.65, a decrease of 21.73% from CNY 29,261,445.11 in the first half of 2020[173]. - The total comprehensive income for the first half of 2021 was 66.7 million RMB, representing a 48.3% increase compared to the previous period[188]. - The company reported a comprehensive income total of -16,289.5 million yuan for the current period, indicating a significant loss compared to the previous period[199]. Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -79,109,541.25, a significant decline of 1,815.93% compared to CNY 4,610,301.47 in the previous year[20]. - The company experienced a net cash inflow from operating activities of CNY 953,557,172.64 in the first half of 2021, compared to CNY 1,044,844,575.19 in the first half of 2020[179]. - The total cash inflow from investment activities was 517,336,899.81 CNY, compared to 404,694,855.42 CNY in the same period last year[181]. - The net cash flow from investment activities improved to 109,311,591.44 CNY from -39,222,358.61 CNY year-over-year[181]. - Cash inflow from financing activities was 342,484,489.60 CNY, up from 226,403,679.72 CNY in the previous year[181]. - The company received 516,530,000.00 CNY from investment recoveries, an increase from 404,320,421.92 CNY in the previous period[181]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,639,961,262.24, a decrease of 0.63% from CNY 2,656,602,166.06 at the end of the previous year[20]. - The total liabilities decreased to CNY 854,939,771.68 from CNY 882,305,076.18, a reduction of approximately 3.1%[164]. - The company's equity increased to CNY 1,785,021,490.56, compared to CNY 1,774,297,089.88 at the end of 2020, reflecting a growth of about 0.6%[165]. - The total assets at the end of the reporting period amounted to 6,925.29 million yuan, showing a robust asset base[199]. Research and Development - The company’s research and development investment increased by 6.78% to ¥30,483,838.79, compared to ¥28,547,825.66 in the previous year[57]. - Research and development expenses increased to CNY 20,379,227.54 in the first half of 2021, up 31.06% from CNY 15,510,830.52 in the same period of 2020[171]. - The company has established a germplasm resource bank, preserving nearly 5,000 germplasm resources to support variety differentiation and innovation[31]. - The company has made breakthroughs in core technologies such as molecular design breeding and gene editing, addressing key technical challenges in the seed industry[31]. Market and Product Development - The company is actively expanding overseas business, with four rice varieties registered abroad[30]. - The company aims to optimize its product structure in the agricultural chemical industry, increasing the proportion of environmentally friendly products[38]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[188]. - The company aims to enhance its market expansion strategy, focusing on new product development and technological innovation[188]. Environmental and Regulatory Compliance - The company has established wastewater and waste gas treatment facilities that comply with national standards, with online monitoring devices installed[107]. - The company is committed to environmental protection and sustainable development, actively reducing the use of fertilizers and pesticides in agricultural practices[108]. - The company has not faced any administrative penalties for environmental issues during the reporting period[107]. Shareholder and Capital Management - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company announced a cash dividend of 0.20 CNY per 10 shares, totaling 8,771,642.58 CNY distributed to shareholders[142]. - The total number of common shareholders at the end of the reporting period is 99,942[148]. - The largest shareholder, Hefei Construction Investment Holding Group Co., Ltd., holds 29.24% of shares, totaling 179,542,902 shares, with an increase of 51,297,972 shares during the reporting period[148].